InsurTech NY will Award Startups $200,000 in Prizes

NEW YORK,, Jan. 12, 2023 /PRNewswire/ — InsurTech NY has started accepting applications for its Global Startup Competition for early-stage InsurTechs.

The competition features a prize pool of $200,000 that will be selected by three judging groups – InsurTech Fund, carriers and brokers, and InsurTech investors. Startups will be judged based on their expression of the most commercial potential in the application. The top ten teams will present live at the InsurTech Spring Conference held on March 29 – 30 in NYC to the entire conference audience.

The 2022 finalists presented to an audience of more than 600 people at the NY Marriott Marquis. “The Global InsurTech Competition allowed us to raise awareness about the challenges in the market for roofing repairs post claim and our solution for the industry,” said Garrett Kurtt, CEO of OneClick Data and winner of the 2022 competition.

The judging pools are comprised of insurance carriers/brokers, venture capitalists, and angel investors. Judges will score each company based on their investment and market potential. The judges represent organizations including Avanta Ventures, Candid Insurance Investors, Founders Shield, Gallagher, Lockton, Park City Angels, QBE Ventures, Starr Insurance, TIAA, and Tokio Marine.

“Every InsurTech needs exposure and investment to grow,” said David Gritz, Managing Director of InsurTech NY. “Past competition winners have attracted more than $45 million in funding post-competition and had exposure to hundreds of insurance carriers and brokers.”

Contestants are eligible for the competition if they ended 2022 with less than $250,000 in revenue. The top ten finalists will be announced in early March and will present in person at the 2023 InsurTech Conference. The deadline for submissions is February 10, 2023.

Open roles in carrier/broker innovation and venture teams

Please apply directly at the links below or reach out to us with additional questions or inquiries.

AAA Mid Atlantic – Senior Insurance Analyst – Digital Transformation – https://aaamidatlantic.wd5.myworkdayjobs.com/en-US/AAAMidAtlantic/job/Senior-Insurance-Analyst—Digital-Transformation_28851 
or on LinkedIn: https://www.linkedin.com/jobs/view/3435103049

Enterprise Ireland – Senior Market Advisor – https://www.enterprise-ireland.com/en/About-Us/Our-People/00523-Senior-MA-New-York.pdf

Employers Ins – Senior Product Manager – https://phg.tbe.taleo.net/phg03/ats/careers/v2/viewRequisition?org=EMPLOYERSINSURANCE&cws=42&rid=5520

Ethos Life – Director, Actuarial –https://boards.greenhouse.io/ethoslife/jobs/6107752002

Starr – Internal Management Consultant – https://phf.tbe.taleo.net/phf01/ats/careers/v2/viewRequisition?org=STARR&cws=48&rid=6273

Transverse – Program Manager – https://www.transverseinsurance.com/careers/5

Verisk – Actuarial Associate – https://jobs.smartrecruiters.com/Verisk/743999838640174-actuarial-associate

Many of our carrier/broker partners are looking to fill positions in innovation, partnerships, and venture capital, and we would love to connect you to them when opportunities come up.  Please contact us at: contact@insurtechny.com.

InsurTech NY hosted Events: SEE ALL OUR UPCOMING EVENTS HERE

Latest Partner Events and Conferences: 

insureNXT Congress and Expo (April 26 & 27) – Following the successful on-site premiere with more than 2000 participants this year, our new international congress for the insurance industry insureNXT goes into the next round, taking place on 26th/27th April 2023 in Cologne, Germany. We would be more than happy to have start-ups / scale-ups, corporates and/or renowned knowledge experts from your network contributing and/or participating in this event!

InsurTech Hartford Symposium (May 2-3) – The InsurTech Hartford Symposium is designed to elevate your curiosity and imagination with experiences that allow you to take a deep dive into the industry’s most innovative transformations at a pace that won’t leave you feeling exhausted. This is your chance to recharge, get inspired, and develop invaluable relationships with the industry’s top innovators and disruptors.  https://insurtechhartfordsymposium.com/

InsurLab Germany Accelerator (Applications Due Feb 7) – The application phase for the next year of our accelerator program started on November 29, 2022! Don’t miss the great opportunity to work closely with our member companies, develop new use cases together and position yourself sustainably in the German insurance market. So apply for Batch#23 by February 7, 2023 at the latest!  https://insurlab-germany.com/de/startups-und-scaleups/accelerator/

RevTech Labs Class 18 Accelerator (Applications Due Feb 17th) – The Accelerator is looking for post-MVP fintech + insurtech startups to participate in their 12-week program from March 27th to June 16th. This program isn’t a cookie-cutter or curriculum based experience. Class 18 Founders will work with the RTL Program Team to build a customized road map based on their company’s unique goals and objectives. During the 12-weeks of the program, Founders work with their Advisory Board and mentors on their road map objectives, while receiving funding from the venture firm. The RevTech Labs Accelerator provides Founders with the resources, connections and funding necessary to help them scale and succeed well-beyond the program. Apply today or refer a friend! https://www.revtechlabs.co/foundation-program

NY Dept of Financial Services DFS Exchange – DFS Exchange is the Department’s newly-launched engagement platform to foster the growth of responsible innovation in financial services in New York.  Through DFS Exchange, financial innovators and stakeholders are invited to meet directly with DFS subject-matter experts to establish an open and ongoing dialogue and present DFS as a transparent, innovation-friendly regulator.  Through these sessions, DFS hopes to learn about emerging products, services, business lines and/or practices, and technologies to accelerate the financial industry; their promise for New Yorkers and the New York economy; and their potential regulatory needs, merits, and challenges.  Sessions will be held either virtually or in-person at NYDFS’s New York City offices and are open to all entities, including, but not limited to, financial institutions, non-bank institutions, firms, and technology companies, and consumer advocacy organizations or nonprofits.

If you are interested in meeting with us, please complete the very brief interest form to schedule a 1:1 meeting.  Questions, please email DFS Innovation at innovation@dfs.ny.gov.